MarketFriction

Hariyana Ship Breakers Ltd

NSE HRYNSHP · BSE 526931 · Ship Building & Allied Services
₹97.98 +2.06%
NSE close2026-10-01
52 week range91.00 - 104.05
Market cap₹58.4 Cr.
P/E3.39
Price band 20% Delivery 82.6%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales90.840.610.720.220.000.000.000.001.302.200.000.00
Expenses88.69-0.041.440.550.470.570.520.390.280.401.370.40
Operating Profit2.150.65-0.72-0.33-0.47-0.57-0.52-0.391.021.80-1.37-0.40
OPM %2.37%106.56%-100.00%-150.00%78.46%81.82%
Other Income4.341.741.772.082.062.041.992.172.697.30-6.785.52
Interest0.051.000.661.110.600.560.520.540.620.450.880.01
Depreciation0.300.290.280.280.280.280.270.280.280.280.270.16
Profit before tax6.141.100.110.360.710.630.680.962.818.37-9.304.95
Tax %3.58%33.64%63.64%36.11%30.99%31.75%32.35%29.17%20.28%18.52%0.65%10.91%
Net Profit5.920.740.040.230.490.420.460.682.256.82-9.364.41
EPS in Rs9.601.200.060.370.790.680.751.103.6511.06-15.187.15
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales365.36275.36156.13377.30126.51148.21168.4954.05148.620.213.473.50
Expenses372.69286.41162.40387.06142.63145.30169.8453.36151.842.112.422.45
Operating Profit-7.33-11.05-6.27-9.76-16.122.91-1.350.69-3.22-1.901.051.05
OPM %-2.01%-4.01%-4.02%-2.59%-12.74%1.96%-0.80%1.28%-2.17%-904.76%30.26%30.00%
Other Income24.4729.6620.8820.8011.5115.038.117.9910.828.185.388.73
Interest7.197.873.910.781.311.771.582.212.482.792.481.96
Depreciation2.092.020.450.500.560.690.870.811.171.111.090.99
Profit before tax7.868.7210.259.76-6.4815.484.315.663.952.382.866.83
Tax %5.47%-7.45%4.29%16.60%5.40%36.24%53.36%26.33%18.48%32.77%86.01%
Net Profit7.439.379.818.14-6.859.882.014.183.231.600.394.12
EPS in Rs12.0515.1915.9113.20-11.1116.023.266.785.242.590.636.68
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth-37%-53%-60%1552%
Compounded Profit Growth3%-10%12%740%
Stock Price CAGR4%-3%5%-19%
Return on Equity3%2%2%4%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital6.176.176.176.176.176.176.176.176.176.176.176.17
Reserves92.0099.36108.60118.41126.56119.73129.60131.64135.81138.98140.70141.10
Borrowings5.976.758.533.436.477.150.653.7123.1014.9115.904.38
Other Liabilities118.10140.0496.03340.59125.6631.94134.1253.8598.083.173.253.79
Total Liabilities222.24252.32219.33468.60264.86164.99270.54195.37263.16163.23166.02155.44
Fixed Assets17.3515.158.538.618.9510.9612.4712.1411.2911.7010.599.27
CWIP0.000.000.110.090.701.551.752.082.080.000.000.00
Investments30.8976.9969.47107.08130.78121.94114.26116.59123.80133.55137.64140.54
Other Assets174.00160.18141.22352.82124.4330.54142.0664.56125.9917.9817.795.63
Total Assets222.24252.32219.33468.60264.86164.99270.54195.37263.16163.23166.02155.44
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity112.0549.74-46.741.85-42.39-13.9433.84-2.73-48.380.16-1.56-1.53
Cash from Investing Activity-13.35-47.2052.1951.30-3.8114.4016.300.090.700.643.2215.47
Cash from Financing Activity-96.70-6.40-6.10-9.00-0.78-1.31-1.231.477.68-10.09-4.55-2.03
Net Cash Flow2.00-3.85-0.6544.15-46.98-0.8548.91-1.17-40.00-9.29-2.8811.91
Free Cash Flow116.1949.78-42.251.34-43.85-17.3631.44-3.60-48.340.92-1.56-1.31
CFO/OP-916%-679%413%-38%418%86%1,352%27%-6,652%-57%46%45%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days60.7034.6829.810.400.092.574.060.894.730.000.000.00
Inventory Days17.333.8024.28661.7492.6632.58206.0016.72624.054.37408.98
Days Payable180.28142.16117.94755.2582.7267.85289.75112.01687.410.000.00
Cash Conversion Cycle-102.24-103.69-63.85-93.1010.02-32.70-79.69-94.40-58.644.370.00408.98
Working Capital Days83.1520.4157.30-83.97-8.21-27.09-85.36-99.87-120.14-32.27-25,428.33-318.72
ROCE %8.05%11.10%16.21%9.48%6.11%-3.80%12.80%4.24%5.13%3.92%3.20%8.42%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%74.95%
Public25.04%25.04%25.05%25.04%25.05%25.04%25.05%25.05%25.05%25.04%25.05%25.04%
No. of Shareholders3,5453,5313,5784,4936,0545,7915,7656,2776,2076,2426,2746,108

Fundamentals

Market Cap₹ 58.4 Cr.
Current Price₹ 94.6
Stock P/E3.39
Book Value₹ 239
ROCE8.42 %
ROE3.99 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)1552%
Compounded Profit Growth (TTM)740%
Standalone figures.
Valuation
Market capRs 60 Cr
Enterprise valueRs 64 Cr
P/E (TTM)14.67x
Price to book0.41x
Price to sales17.41x
EV / EBITDA6.55x
EV / EBIT7.28x
EV / sales18.45x
Earnings yield6.82%
P/E, 3-year average63.27x
P/B, 3-year average0.38x
P/E, 5-year average45.41x
P/B, 5-year average0.36x
Profitability
Operating margin (excl. other income)30.26%
Operating margin (incl. other income)185.30%
EBITDA margin281.84%
Pre-tax margin196.83%
Net profit margin118.73%
ROE0.27%
ROCE3.40%
ROA0.24%
ROE, 3-year average1.20%
ROCE, 3-year average3.52%
ROA, 3-year average0.91%
ROE, 5-year average1.61%
ROCE, 5-year average3.99%
ROA, 5-year average1.08%
ROIC (approx.)0.81%
Tax rate86.01%
Other income / net worth3.65%
Growth
Sales growth (latest year)1552.38%
Profit growth (latest year)-75.62%
Sales CAGR, 3 years-59.96%
Sales CAGR, 5 years-52.81%
Profit CAGR, 3 years-54.64%
Profit CAGR, 5 years-47.61%
Profit growth YoY (latest quarter)548.53%
Per share
EPS (TTM)Rs 6.68
EPS (latest year)Rs 0.63
EPS (latest quarter)Rs 7.15
EPS, 3-year averageRs 2.82
EPS, 5-year averageRs 3.70
Book value per shareRs 238.82
Sales per shareRs 5.63
Cash flow per shareRs -2.48
Free cash flow per shareRs -2.12
Efficiency
Asset turnover0.02x
Fixed asset turnover0.37x
Inventory turnover1.39x
Inventory days263 days
Creditor days0 days
Cash conversion cycle409 days
Working capital days-319 days
Leverage
Total debtRs 4 Cr
Cash and bankRs 1 Cr
Net debtRs 4 Cr
Debt to equity0.03x
Net debt / EBITDA0.37x
Interest coverage4.48x
Owners' fund to total sources94.74%
Debt to assets2.82%
Cash flow
Cash from Operating Activity (latest year)Rs -2 Cr
Cash from Investing Activity (latest year)Rs 15 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 12 Cr
Free cash flow (latest year)Rs -1 Cr
FCFE (approx.: FCF + change in debt)Rs -13 Cr
Cash from ops / profit, 5 years-4.74x
Statement figures
Net sales (TTM)Rs 3 Cr
Net sales (latest year)Rs 3 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Operating profit (latest quarter)Rs -0 Cr
Other income (TTM)Rs 9 Cr
EBITDA (TTM)Rs 10 Cr
PBDT (TTM)Rs 8 Cr
Profit before tax (TTM)Rs 7 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 4 Cr
Net profit (latest year)Rs 0 Cr
Net profit (latest quarter)Rs 4 Cr
Depreciation (TTM)Rs 1 Cr
Depreciation (latest quarter)Rs 0 Cr
Interest (TTM)Rs 2 Cr
Cost of goods sold (latest year)Rs 1 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 9 Cr
Share capitalRs 6 Cr
ReservesRs 141 Cr
Shareholders' fundsRs 147 Cr
Total assetsRs 155 Cr
Net blockRs 9 Cr
InvestmentsRs 141 Cr
InventoryRs 1 Cr
Other liabilitiesRs 4 Cr
Shares outstanding (crore)0.62
Ownership
Promoter holding74.95% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 14.7 is at the 57th percentile of its own 8.4-year range (median 8.7, low 1.5, high 162.5).
P/B 0.41 is at the 53th percentile (median 0.39).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodHRYNSHPNifty 50Difference
1 week-0.0%-2.8% +2.7 pts
1 month-2.1%-6.8% +4.7 pts
3 years+17.5%+14.2% +3.3 pts
5 years-11.5%+27.9% -39.4 pts

Red flags

F-score 5 of 8
explainWeak cash conversion Cash from operations was -56% of net profit over the last 3 years
lookProfit leans on other income Other income was 188% of pre-tax profit in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹0 Cr. Net profit ₹4 Cr +548.5%.
Against our estimate for Jun 2026: sales -, profit - beat. Our estimate for Sep 2026: sales Rs 1 Cr, profit Rs 3 Cr (how).

Activity

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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Less than 100 unique PAN traded in previous 30 days

Quick answers

What is the market cap of Hariyana Ship Breakers Ltd?

Hariyana Ship Breakers Ltd (HRYNSHP) has a market capitalisation of Rs 58.4 Cr. at the 2026-10-01 close.

What is the P/E ratio of Hariyana Ship Breakers Ltd?

Hariyana Ship Breakers Ltd trades at a P/E of 3.39 on trailing twelve-month profit, at the 2026-10-01 close.

What were Hariyana Ship Breakers Ltd's latest quarterly results?

In the Jun 2026 quarter, Hariyana Ship Breakers Ltd sales was Rs 0 Cr and net profit was Rs 4 Cr.

What is the 52-week high and low of Hariyana Ship Breakers Ltd?

The 52-week high is Rs 104.05 and the 52-week low is Rs 91.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03